Wilmingtonbiz logo
Print
Real Estate - Residential

With Merger, Regional Coldwell Banker Network Expands Its Reach

By Cece Nunn, posted Mar 28, 2017

A real estate firm in Myrtle Beach is merging with the Coldwell Banker network that includes Wilmington-based Coldwell Banker Sea Coast Advantage.

Coldwell Banker Chicora, which has been in the Myrtle Beach real estate market for 45 years, on Tuesday announced the merger with the network, comprised of Coldwell Banker Sea Coast Advantage of Greater Wilmington and Coldwell Banker Advantage of Raleigh, Fayetteville and Southern Pines.

With the merger, Coldwell Banker Chicora will now be known as Coldwell Banker Chicora Advantage, according to a news release. The announcement was made Tuesday morning at a sales meeting attended by Coldwell Banker Chicora Advantage agents at the offices of the Coastal Carolina Association of Realtors, the release said. 

Don Smith will remain as president and CEO of Coldwell Banker Chicora Advantage, Cheryl Brush as vice president of operations and Rod Smith as director of general brokerage, and all will retain an ownership interest in the firm. According to the announcement, new business partners that come with the merger include Tim Milam, president of Coldwell Banker Sea Coast Advantage; Gary Rabon, president of the Raleigh office of Coldwell Banker Advantage; Ralph Huff, president of the Fayetteville office of Coldwell Banker Advantage; and Brian Moxey, vice president and director of business development for Coldwell Banker Sea Coast Advantage.

“Our Coldwell Banker franchise agreement was set to renew this year, so we felt the time was right to consider the best way forward for our company and agents,” Smith said in the release. “There was never any doubt that we would stay with the Coldwell Banker brand, but we began to explore the benefits of a partnership and how it could strengthen our firm and broaden our reach.

"Tim Milam and I have known each other for more than 20 years and often share ideas and best practices, particularly since Wilmington and Myrtle Beach have many market similarities as coastal communities," Smith continued.

Milam called Coldwell Banker Chicora Advantage "a hugely successful company with a great reputation and excellent management team. We look forward to building on this success and helping take Chicora to the next level in the Grand Strand market.”

The change is expected to "spur new growth," Smith said. He said benefits include access to referrals throughout North Carolina; state-of-the-art technologies for homebuying and selling; an ability to reach a broader group of potential buyers to facilitate more sales; enhanced marketing and social media campaigns; access to a full-time training director; and a technology help desk for all agents, according to the news release.

One immediate change is the hiring of a full-time IT director to create and manage an on-site IT department and help desk, Milam said. 

“Our industry is so dependent on technology and online and mobile transactions that it is imperative that all or our technologies are running smoothly at all times. The IT department at Sea Coast Advantage is invaluable and is credited with significantly increasing the efficiency of our agents since we instituted this several years ago," Milam said in the release.

Milam said the company will survey Chicora Advantage agents "to help identify their priorities and what tools and resources they need most to help grow their business."

Chicora Advantage has 165 agents in six offices in South Carolina from North Myrtle Beach to Georgetown.

Founded in Wilmington in 1988, Sea Coast Advantage joined Coldwell Banker in 1993 and has more than 450 real estate agents in 12 offices from Jacksonville to Holden Beach. Also established in 1988, Coldwell Banker Advantage has more than 430 agents in 18 offices from Raleigh to Fayetteville. The partnership of the two forms the No. 1 Coldwell Banker company in the state, No. 3 in North America in sales volume and No. 4 on the continent for closed transactions, with a more than $2.7 billion sales volume in 2016 and more than 12,600 transactions, according to the news release. The addition of Coldwell Banker Chicora Advantage brings those figures up to $3 billion and more than 14,000 transactions.  

Join The Discussion

Similar Stories

Book On Business

Bob2017

The 2017 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!
Print Only
$24.95 - Qty
Print + Excel File
$79.95 - Qty

In The Current Issue

Jobs 101: Higher Ed's Future Focus

This month, thousands of students are coming back for their fall semesters at Wilmington’s higher education institutions, which are considered key pieces of the area’s economic development puzzle. In deciding which areas to expand into, higher education officials have to keep an eye on future employment trends, for both students and the region.

Funding Options Remain On The Table

Even in these days of tightening federal and state budgets, there is a piece of good news for small businesses that want to grow through exp...

Building Around Shipping Containers

As the regeneration of shipping containers accelerates globally, the Port City is about to enter the fray of using them for housing and offi...

Ico topnews Editor's Picks

For Soccer Fields, City Kicks Around Options, Including Echo Farms

Cece Nunn - Aug 18, 2017

With Revised Agreement, Water Street Deck Demolition Process Could Start Next Month

Cece Nunn - Aug 18, 2017

Midtown Business Expands With Julia's Events

Cece Nunn - Aug 17, 2017 Trending News

State Reports Annual Visitor Spending Amounts For Region

Christina Haley O'Neal - Aug 17, 2017
Services

Gierie Orthodontics

At Gierie Orthodontics our passion is creating beautiful smiles. Dr. Bill Gierie is committed to maximizing your esthetic potential through enhancing the appearance of the teeth and face. We strive to ...more

Ico trending Trending News

Ico newsinimages News in Pictures

Have a tip, pitch or guest column?  Send us a tip.

Gallery Galleries

Video Videos

Power Breakfast: Coach C.B. McGrath - June 2017
Wilmington's Most Intriguing People of 2016

Register to Continue Seeing Wilmington's Best Business Coverage!


There are three ways to register for free.

Sign in with LinkedIn, Facebook or create an account:



Already registered? Login here.

Your free registration includes:

  • Access to 10 articles per month on WilmingtonBiz.com
  • Email updates to stay informed on local business news
  • A mobile optimized website
  • Advanced notification of Business Journal events
  • Management of your digital and print subscriptions
Laptop iphone ipad